Globe Telecom Inc. said it has signed a term loan facility with Bank of the Philippine Islands for P3 billion to finance its capital expenditures, debt refinancing, and general corporate requirements.
Globe and BPI share the Ayala Group as major shareholders.
In the first nine months of the year, Globe invested P41 billion in capex, marking a 24 percent decrease from last year.
However, about 91 percent of the total capex was directed toward data-related infrastructure to ensure uninterrupted access to digital solutions and connectivity services for its customers. The company’s focus on enhancing its network was evident in the construction of 684 new cell sites and the upgrade of 2,723 existing mobile sites to LTE technology by the end of September. Globe also deployed 55,076 fiber-to-the-home lines to further strengthen its fiber infrastructure.
These investments reflect Globe’s strategy to optimize network capacity and efficiency while maintaining a disciplined spending approach. This is in line with the company’s goal to achieve positive free cash flow and to continue expanding equitable connectivity across the Philippines.
